The global external combustion engine market is poised to experience a robust Compound Annual Growth Rate (CAGR) of 3.9% throughout the forecast period. Initial projections suggest a market value of approximately US$ 604.3 million in 2022, with a significant ascent anticipated to achieve an estimated valuation of US$ 889.0 million by 2032. The heightened demand for external …
Category Archives: Industrial News
Solar Microinverter Market on Course for Remarkable Growth, Predicted to Surpass US$ 5,716.0 Million by 2032, Driven by Robust 18.1% CAGR
The global solar microinverter market is poised to achieve an impressive Compound Annual Growth Rate (CAGR) of 18.1% from 2022 to 2032, projecting a valuation surpassing US$ 5,716.0 million by the end of the decade. This remarkable surge not only reflects the increasing adoption of solar energy but also underscores the pivotal role that microinverters play in …
Screw Compressor Market Set to Reach US$ 22.10 Billion by 2034, Driven by a Steady 3.4% CAGR, Fueled by Automation Trends
The screw compressor market is poised to achieve a projected value of US$ 22.10 billion by 2034, sustaining a steady annual growth rate of 3.4%. This growth is primarily fueled by the pervasive influence of automation trends, driving the industry to unprecedented levels of success. A significant contributing factor to the market’s evolution is the increasing demand …
North America Residential Ball Valves Market Set to Exceed US$ 554.1 Million by 2032, Driven by an Average CAGR of 5.6% | FMI Analysis
The North America residential ball valves market is poised for significant growth, with Future Market Insights (FMI) projecting a notable Compound Annual Growth Rate (CAGR) of 5.6% from 2022 to 2032. By 2032, this dynamic market is anticipated to surpass a substantial valuation of US$ 554.1 million. The increasing demand for residential ball valves in North America …
Global Dynamic Positioning Systems Market Set to Exceed US$ 10.3 Billion by 2032, Driven by a Robust 11.6% CAGR
The global dynamic positioning systems market is poised for significant expansion, with projections indicating it will surpass a valuation of US$ 10.3 billion by 2032. This reflects a robust Compound Annual Growth Rate (CAGR) of 11.6%, starting from its 2022 value of US$ 8.2 billion. A key driver propelling this substantial growth is the increasing demand for …
Global Industrial Robots Market Set to Surpass US$ 25,828.99 Million by 2033, Driven by a Strong 17.20% CAGR
The global industrial robots market is poised for exceptional growth, projected to exceed a valuation of US$ 25,828.99 million by 2033. Driving this remarkable expansion is a robust Compound Annual Growth Rate (CAGR) of 17.20%, starting from a 2023 valuation of US$ 5,282.40 million. A significant catalyst behind this surge is the innovative concept of Robot-as-a-Service (RaaS), …
North America’s Influence Propels Global Edge Bending Machine Market Towards US$ 385.6 Million by 2032, Driven by a Steady 3.1% CAGR
The global edge bending machine market is experiencing a significant upsurge, poised to surpass a valuation of US$ 385.6 million by 2032, driven by a steady Compound Annual Growth Rate (CAGR) of 3.1% from 2022 onwards. This growth trajectory, initiated by the expanding applications of these machines across various manufacturing sectors, reflects a notable increase from its …
High Speed Steel (HSS) Market Soars to US$ 10.6 billion by 2033
High-speed steel (HSS) is a type of tool steel renowned for its exceptional hardness, wear resistance, and ability to retain its cutting edge at elevated temperatures. The high-speed steel (HSS) tools market experienced substantial growth, reaching a valuation of US$ 5.6 billion in 2022. Future Market Insights predicts a robust compound annual growth rate (CAGR) …
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Rig and Oilfield Mats Market Analysis: Industry Rising to USD 2.94 billion by 2034
The global rig and oilfield mats market is predicted to reach a valuation of USD 2.94 Bn by 2034, with sales growing at a healthy CAGR of 5.1% from 2024 to 2034. Valued at US$ 1 Bn in 2021, the target market will likely reach an estimated USD 1.79 billion in 2024. Escalation in crude oil …
Refrigeration and Air Conditioning Compressors Market Value Anticipated US$ 47.2 billion by 2033
Refrigeration and air conditioning compressors are integral components of cooling systems, responsible for compressing refrigerant gases to facilitate heat transfer and maintain desired temperatures. The refrigeration and air conditioning compressors market is securing a CAGR of 3% during the forecast period. The market is anticipated to capture a valuation of US$ 35.1 billion in 2023 …